Can foreclosure costs, late fees and other administrative expenses be capitalized?

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Can foreclosure costs, late fees and other administrative expenses be capitalized?

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No. Foreclosure costs, late fees and other administrative expenses cannot be included in amount of loan to be modified. Fees disbursed as a result of the cancellation of a foreclosure can only be collected by the lender from the borrower either through a lump sum payment or a repayment plan separate and distinct from the modification agreement.

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